INDIA: Tata Motors raises INR42bn
Tata Motors said today it had raised INR4,200 crores (US$840million) through issue of secured non-convertible rupee debentures. The issue opened for bids today at 10 am and closed at 5 pm. The funds raised will be used for part repayment of the $3bn bridge facility taken for acquiring Jaguar Land Rover. Tata Motors had earlier prepaid $1.11bn.
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